Sub Banner Image

Republicans Debate Hiking Top Tax Rate to 40% for Millionaires

Wealth

Nancy Cook, Saleha Mohsin

·

April 3, 2025

·

Bloomberg

Republicans are weighing the creation of a new bracket for those earning $1 million or more to offset some of the costs of their tax bill, a stark departure from decades of GOP opposition to tax increases, according to people familiar with the matter.

More from

Bloomberg

More

Wealth

Articles

Trending News

Enjoy premium content in your inbox.

You're in! Check your email to learn more.
Oops! Something went wrong while submitting the form.